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General Obligation Bond

In the United States, a municipal bond in which the issuing locality pledges to use all revenues at its disposal to pay bondholders, including the raising of property taxes. Should a sufficient number of residents not pay their property taxes that it impacts revenue for bondholders, the terms of the bond legally require the municipality to raise property taxes to make up the shortfall. There are two basic types of general obligation bonds. A limited GO allows for the raising of property taxes up to a certain percentage, while an unlimited GO theoretically allows the municipality to levy taxes of up to 100% of a property's value. Because an unlimited GO provides a great incentive to pay property tax on time, and because many states only allow such a bond to be issued following a vote on the matter, credit ratings agencies usually rate them higher. However, both types of GO are generally rated highly.

Goes

To trade, especially at a given price. For example, one may say that a stock "goes" at $10, meaning that one may trade at its current share price of $10.

GO

References in periodicals archive ?
I-GO, run by the nonprofit Center for Neighborhood Technology, maintains a fleet of 14 hybrid electric vehicles, which members can borrow for $6 per hour and 50 cents per mile.
Vehicles supplied under the contract will be brand new, manufactured in 2016 and free from defects in technical and legal, authorized and grade I-go, which do not have the right of third parties and not subject to any proceedings, and security.
A vehicle supplied under the contract will be brand new, made in 2016 and free from defects in technical and legal, authorized and grade I-go, which do not have the right to third parties and is not subject to any proceedings, and security.
Cars delivered during the contract will be brand new, manufactured in 2016 and free from defects in technical and legal, authorized and grade I-go. 4.
The term brand new Purchaser understands - trucks without signs of use or damage, free from defects in technical and legal, authorized, grade I-go, wholesome-recycled, nierepredukowane and nierefabrykowane for which production was only used components / semi-finished products in 100% new, no traces of the previous use, and the damage, without falling before (primarily) in whole or in part in other products.
4 The Purchaser requires that the delivery item was produced as a brand new, free from defects in technical and legal, authorized and grade I-go.